Bay Harbor Island Homes for Sale

Bay Harbor Island is a luxury community in Bay Harbor Islands, Miami-Dade County, Florida. Properties are priced from $1,800,000 to $34,500,000. Pure Equity lists homes in Bay Harbor Island and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Bay Harbor Island and the Bay Harbor Islands area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 44 Bay Harbor Island Bay Harbor Islands homes for sale as of October 2026. The median asking price is $3.32M. Asking prices run from $1.5M to $36.5M.

That is 171% above the Bay Harbor Islands median of $1.22M. On a per-foot basis, homes here ask about $1,449 per square foot, compared with $858 across Bay Harbor Islands. So the median price buys roughly 2,300 square feet of living area.

Listings here have averaged 162 days on the market. That tracks the Bay Harbor Islands average of 167 days, so pricing and terms follow the wider city market.

Homes listed in Bay Harbor Island date from 1955 to 2027. That puts them between 0 and 71 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Bay Harbor Island has new construction. Builders usually require your agent to register you on the first visit, so bring your agent or call us before you walk in.

At a median near $3.32M, Bay Harbor Island sits in the luxury tier of Bay Harbor Islands. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Bay Harbor Island have a median asking rent of $6,075 per month, across 26 active rental listings. For comparison, the Bay Harbor Islands median is $4,100, so rents here run 48% higher.

For investors, those medians imply a gross yield near 2.2% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Bay Harbor Islands rentals or ask us for a rent estimate on a specific Bay Harbor Island home.

Here is what the median Bay Harbor Island price means in Florida closing terms. At $3.32M, a 20% down payment comes to about $665,000, leaving a loan near $2.66M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $9,303. Next, the intangible tax of 0.2% adds about $5,316. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $19,935 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Bay Harbor Island listings show assignments to Ruth K. Broad Bay Harbor K-8 (elementary) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.